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After January’s Slump, Solar Auctions Gather Speed in February 2019

About 4 GW of solar capacity was tendered in February 2019

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According to the tender trajectory issued by the Ministry of New and Renewable Energy (MNRE), approximately 30 GW are expected to be tendered in FY 2018-19. So far, over 50 GW have already been tendered. While these announcements sound positive for the industry, the markets must wait to see if these tenders will turn into auctions.

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